Long Term Care Planning

IT’S NEVER TOO LATE.
THE TIME TO PREPARE IS NOW. EVEN IF YOU’RE OLD, HEALTHY OR NOT,
WE CAN HELP!

Take a few minutes to watch the YouTube video, “The Sandwich Generation” then continuing reading below.

This is an incredible 3 min 54 sec video anyone who is 40 years an older should see. It shows the wonderful bond of family and the hardship of getting older gracefully. Time to get prepared!


The need for long-term care is one of the largest financial threats you could face during your lifetime.

The burden of long term care is not an event that brings families together – it tears families apart; however, with proper planning it can be managed without the high cost of premiums.

Long Term Care Insurance Industry Paid $8.65 Billion in Claims Reports AALTCI.

Los Angeles, CA, February 12, 2017 – The nation’s long term care insurance companies paid $8.65 Billion in claim benefits to some 280,000 individuals in 2016 according to the American Association for Long-Term Care Insurance.

“The total of all benefits paid increased by over six percent and the number of long term care insurance policyholders on claim grew by roughly 20,000,” reports Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI), the national trade group that reports annual claims data. In 2015, AALTCI reported total claims amounted to $8.15 Billion paid to some 260,000 individuals.

The number of individuals are being paid benefits because they purchased a traditional long-term care insurance policy increased by nearly eight (7.7) percent,” Slome explains. Without insurance to pay some or all of the the cost, Slome acknowledges the caregiving responsibility often falls on elderly spouses or adult children of aging parents.”*

Relying on Medicaid is no longer a viable option. If you do not self-insure and rely only on Medicaid, you’re electing the most expensive alternative from which most surviving family members will never regain their financial and emotional ground.

Today, long term care is no longer a one product solution. This is where Texas Secured Capital uses math to make sure your income can increase in the event of care, death or inflation, without eroding your financial foundation. The first goal once care is needed is always to remain in your home; however, home care burdens your loved ones with an immense amount of stressful times.

A message to the guys: We know guys generally believe they are going to beat the odds and never need care – the invincible recycled teenager syndrome. Guys, let’s be real, can you imagine having a stroke, heart attack or cancer? All of these are a need for care.

To help you be more informed please download, at no cost or obligation, the following educational booklet:

Downloadable books:

This material is not intended to replace the advice of a qualified attorney, tax advisor, financial advisor or insurance agent. Before making any financial commitment regarding the issues discussed here, consult with the appropriate professional advisor.

*Slome, J. (2017, February 12). Long Term Care Insurance Industry Paid $8.65 Billion in Claims Reports AALTCI. Retrieved from http://www.pr.com/press-release/705121